Investing
CapEx
Norfolk Southern CapEx decreased by 47.6% to $382.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 14.9%, from $449.00M to $382.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 10.7% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
capital_expendituresHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $362.00M | $398.00M | $445.00M | $389.00M | $448.00M | $445.00M | $666.00M | $428.00M | $520.00M | $548.00M | $853.00M | $557.00M | $568.00M | $581.00M | $675.00M | $449.00M | $475.00M | $551.00M | $729.00M | $382.00M |
| QoQ Change | — | +9.9% | +11.8% | -12.6% | +15.2% | -0.7% | +49.7% | -35.7% | +21.5% | +5.4% | +55.7% | -34.7% | +2.0% | +2.3% | +16.2% | -33.5% | +5.8% | +16.0% | +32.3% | -47.6% |
| YoY Change | — | — | — | — | +23.8% | +11.8% | +49.7% | +10.0% | +16.1% | +23.1% | +28.1% | +30.1% | +9.2% | +6.0% | -20.9% | -19.4% | -16.4% | -5.2% | +8.0% | -14.9% |
Range$362.00M – $853.00M
CAGR+1.1%
Avg YoY Growth+8.7%
Median YoY Growth+9.6%
CapEx at Other Companies
Frequently Asked Questions
- What is Norfolk Southern's capex?
- Norfolk Southern (NSC) reported capex of $382.00M in Q1 2026.
- How has Norfolk Southern's capex changed year-over-year?
- Norfolk Southern's capex decreased by 14.9% year-over-year, from $449.00M to $382.00M.
- What is the long-term trend for Norfolk Southern's capex?
- Over 4 years (2021 to 2025), Norfolk Southern's capex has grown at a 10.7% compound annual growth rate (CAGR), from $1.47B to $2.20B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.